India to urge FATF for Pakistan's return to Grey List
India to urge FATF for Pakistan's return to Grey ListSource- Social media

India to urge FATF for Pakistan's return to Grey List

New Delhi to present evidence against Pakistan at FATF meeting
Published on: 
Summary

India is set to push for Pakistan's return to the FATF Grey List, citing evidence of terror financing and money laundering. A detailed dossier will be presented at the June meeting, aiming to prompt international scrutiny. Pakistan was removed from the Grey List in 2022 but has a history of non-compliance with FATF standards.

New Delhi to present evidence against Pakistan at FATF meeting
New Delhi to present evidence against Pakistan at FATF meetingSource- ANI

New Delhi [India], May 23 (ANI): India will leave no effort to bring Pakistan onto the grey list, according to government sources. The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has been informed about India's intentions.

Government sources said that India will send a detailed dossier to the FATF, outlining evidence and concerns regarding the involvement of certain entities and individuals in terror financing and money laundering activities.

The dossier will highlight India's findings and demand strict scrutiny and action by the FATF under international protocols.

Sources said that India's intervention at the FATF will have a serious impact. Indian officials will participate in the upcoming meeting scheduled for June and raise this issue with the FATF.

India to urge FATF for Pakistan's return to Grey List
Scrap dealer in Delhi accused of spying for Pakistan

The FATF Plenary had removed Pakistan from the Grey List in October 2022, albeit with the reminder that Pakistan would continue to work with the Asia Pacific Group (APG) to further improve its Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) system.

The last time the FATF had placed Pakistan on its Grey List was in June 2018, when it found several strategic deficiencies concerning the AML and CFT recommendations. Pakistan was told to implement an action plan, which included demonstrating effective action against United Nations-designated terror outfits, individuals, and their associates in terms of financial sanctions, asset seizures, investigation, prosecution, and convictions.

India to urge FATF for Pakistan's return to Grey List
India urges Turkiye to press Pakistan on terrorism support

However, owing to its failure to implement all the action points fully, Pakistan was again retained on the Grey List on October 21, 2021. The FATF Plenary noted that Pakistan had completed 26 of the 27 action items in its 2018 plan. The one remaining issue was about continuing to demonstrate that terror financing investigations and prosecutions targeted senior functionaries and commanders of UN-designated terror outfits.

Pakistan was put on the Grey List for the first time in 2008, then removed in 2009, and again it was brought under increased monitoring from 2012 to 2015. Greylisting by the FATF is said to limit a country's access to international loans. (ANI)

India to urge FATF for Pakistan's return to Grey List
UP ATS arrests Varanasi man for Pakistan WhatsApp group links
english.punjabkesari.com